Page 2 - Spending Budgets News Today

Are not right. your first priority should be the people that work for you and not your profit. the retailer is reducing the hours of some of its full-time workers making sure the maximum hours will be 29.45. they will be part-time. they will be losing health benefits. it is going to be auditing forever 21 will be reviewing spending budgets. there is some speculation this is because of obama care. in 2015 big businesses will have to provide full-time workers with health benefits. the retailer sai...

Out on talking points memo. do you feel that way? do you feel like this is a slam dunk for your party, this is a great thing? >> no. this election is up for grabs. with the economy being what it is, with unemployment, with trade, china trade in lot of issues thattill at are going to be discussed that will determine the outcome of the election and, frankly, im glad that paul ryan is in the race because his position in the race will help define the issues in a much clearer way than any other candi...

Times" said today as i pointed out on talking points memo. do you feel that way? do you feel like this is a slam dunk for your party, this is a great thing? >> no. this election is up for grabs. with the economy being what it is, with unemployment, with trade, china trade in particular, were still at war. there is a lot of issues that are going to be discussed that will determine the outcome of the election and, frankly, im glad that paul ryan is in the race because his position in the race will...

>> >> sean: frankly 61 billion is peanuts. they might be willing to offer 20 billion in cuts more, peanuts! >> it is ridiculous this is the democrats and this is the white house crisis this is their stimulus plan. their two record spending budgets. their massive spending which has created this crisis. created this spending crisis. forget the republicans. concentrate on the democrats. this is their crisis. >> sean: this is the key. forget this is last years budget. they had both houses and the wh...

Deal. democrats have been saying that speaker boehner has behind closed doors and behind the backs of republicans agreed to cut in half what the republican house passed, which was the 61 billion dollar cut. his office says that is cat goricly not true. they passed -- categorically, not true. they passed that budget 40 days ago, to this date they arent the senate. if there is a government shutdown it is their fault with >> >> sean: frankly 61 billion is peanuts. they might be willing to offer 20 ...

Bringing the decifit down by a billion or so dollars over the next ten years, it is not done through spending freezes as much as its done through tax increases. for example, over the next ten years, hiking taxes on most making 250,000 or more, thats going to bring you 600, $700 billion. over this same period, going after this same group and limiting their in corks thats going to bring you another two # $9 billion. youve talked about the surcharge on banks, thats going to bring you $90 billion. a...

>> the presidents outlined a ten-year plan to bring the deficit down by $1.2 trillion other the next ten years. jane: steve, when youve been looking at this, what other major items are in the budget? >> well, of course, theres jobs. the president promised to focus on that, and he has. theres $100 billion job creation program in this, and also the presidents laid out a three-year freeze on federal spending. now, this would not affect social security or medicare, it would not affect the mill care ...

To get people back to work. we are not going to save our way out of this recession. we have got to spend our way out of this recession. and i think most economists know that. jane: congressman, im going play a sound bite as we call it from senator judd gregg who was on with bill hemmer a little earlier this morning, talking about the spending he sees in this proposal. take a listen if you will and if we can get you to comment. >> its fiscal insanity, to continue to grow the government the way we...

White house for us, thanks, steve. jon: alabama senator jeff sessions is a member of the budget committee that will vote on the presidents proposed budget. he joins us live from capitol hill. senator sessionings, from what youve seen of this budget, what do you think of it? >> with well, its not good. were talking about $1.6 trillion in deficits, this budget, first budget year, which would be the largest deficit in the history ri of the american republic, even larger than last year which was tri...

$12 trillion, but weve made promises in programs such as medicare and social security that add up to some $63 trillion, promised benefits the government has no money to pay for. and this isnt just an issue for the elderly because young americans will be asked to pay the bills. >> we really have massive taxation without representation going on right now. why do i say that? well, because its easy to spend somebody elses money, its even easier to spend it when theyre too young to vote or theyre not...